Advisers – Page 181
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News
Specialist mandate boom in UK but not Europe
UK/EUROPE – UK pension funds have increased the number of specialist investment mandates they use by a significant 31% over the last two years, although figures in Continental Europe have yet to follow suit with only a three per cent rise over the same period...
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BGI Europe's biggest as passive trend rolls on
EUROPE – Barclays Global Investors (BGI) has retained the top slot as Europe’s largest pensions asset manager, recording annual growth of $8bn in assets from $107bn to just over $115bn, according to consultant William M.Mercer’s figures for 2000-2001....
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Watson Wyatt hires specialist manager researchers
Consultant Watson Wyatt has pulled two investment managers on board as specialist manager researchers to the fund manager research team of its investment consulting practice, in a sign that pension funds are adopting increasingly complex investment structures....
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Deutsche Börse ETFs cover 70% of European market
GERMANY – Deutsche Börse’s exchange-traded funds (ETF) now cover almost three quarters (70%) of the European trade in the relatively new investment vehicles....
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87% rise in UK pensions allocation to venture
UK – Investment by UK pension funds in venture capital rocketed by 87% over the year 2000 to reach a level of £817m, according to the British Venture Capital Association’s (BVCA) annual investment activity report....
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Ebenston takes top Citibank asset manager slot
UK - Susan Ebenston has been appointed to the newly created position of global head of insurance and asset managers at Citibank Worldwide Securities Services...
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Dutch Origin fund in huge investment restructure
NETHERLANDS – The e400m Utrecht based pension fund of Dutch communications group Origin - the former IT subsidiary of electronics group Phillips - has undergone a mammoth investment restructuring, almost halving its exposure to Phillips owned asset manager Schootse Poort in favour of a range of specialist mandates....
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Ir£5bn reserve fund appoints Mercer for strategy
IRELAND - The newly created Ir£5bn (e6.35bn) National Pensions Reserve Fund, the war chest the government hopes will plug the future hole in its social welfare and civil service pension payments, has appointed consultant William M. Mercer to outline the fund’s future investment strategy....
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Watson Wyatt consolidates for cross-border market
EUROPE – Consultant Watson Wyatt is seeking to strengthen its European consulting activities for multinationals by integrating its international practice more closely with its general consultancy practices, a move it says reflects the fact that companies are increasingly looking to operate on a global basis.....
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VKG announce top pension payment and new structure
BELGIUM – CPM-VKG, the e500m Brussels based pension fund for doctors, dentists and pharmacists, has set up a new executive committee for the scheme in a bid to guarantee long-term stable performance and improve the fund’s management structure....
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European patent fund seeks risk-management advisor
EUROPE - The Munich based European Patent Organisation (EPO) is tendering for a consultant to assist its DM2.5bn (e1.3bn) plus pension reserve fund in establishing and developing an effective, global risk-management policy....
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Consultant insurance merger creates B&W Deloitte
UK – The merger between the insurance practices of consultants Deloitte & Touche and Bacon & Woodrow has been finalised with the formation of B&W Deloitte.....
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Record year for Watson Wyatt 'Partner' promotions
UK – Consultant Watson Wyatt, has promoted four associates to become partners in the firm's Investment Consulting Practice, bringing to 23 the number of new Watson Wyatt partners in 2001 - the largest number of such appointments the firm has made in a single year....
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Mercer retains consultancy brief of £20bn USS fund
UK – Consultant William M. Mercer has beaten off competition from Watson Wyatt and Hymans Robertson to retain the mandate for actuarial and investment consultancy to the Liverpool based £20bn (e32bn) Universities Superannuation Scheme (USS)...
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Global pension assets could rise to $18trn by 2005
Global pension assets, which at the end of 2000 represented more than $12.2trn (e13.4trn) are forecast to grow to more than $18trn by 2005, according to figures from research corporation InterSec....
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Few Europeans in US international mandate awards
US/EUROPE – Only two of the top ten managers in international cross-border mandate wins from US tax-exempt pension plans last year were European, with both houses UK based, according to Deutsche Bank owned research group InterSec....
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Baillie Gifford reopens for UK segregated business
UK - Edinburgh-based asset manager Baillie Gifford (BG) will reopen its doors to segregated mandates from UK clients as of next month, having refused new business since November last year....
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Finnish actuarial consultant expands services
FINLAND – Helsinki based actuarial consultancy and pension scheme administrator, Pensionservice (EPS) is to undergo a radical re-structuring to expand its services from May 1….
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Europe should beware US patents says ISMA
EUROPE - European banks and securities houses may have to prepare for a more widespread, US-style, application of patent rights in the financial sector, according to a report by the Zurich based International Securities Market Association (ISMA)....